Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Albertsons Companies reported a mixed first quarter fiscal 2026 performance marked by challenges in its core business offset partly by strong growth in its pharmacy and digital segments.</li><li>Identical store sales declined 0.8%, underlying pressures in lower-income customer segments, and macroeconomic factors driving industry-wide unit softness.</li><li>When excluding headwinds related to the Inflation Reduction Act (IRA) on pharmacy sales and deflation, identical sales showed a modest underlying increase of approximately 0.7%.</li></ul>

Albertsons Companies reported a mixed first quarter fiscal 2026 performance marked by challenges in its core business offset partly by strong growth in its pharmacy and digital segments.Identical store sales declined 0.8%, underlying pressures in lower-income customer segments, and macroeconomic factors driving industry-wide unit softness.When excluding headwinds related to the Inflation Reduction Act (IRA) on pharmacy sales and deflation, identical sales showed a modest underlying increase of approximately 0.7%.

Albertsons Companies Reshapes 11 Divisions Into Four Regions — Will Scale Pay Off?

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>On Election Day, the US faces a Dead Heat. Realclearpolitics predicts a Trump victory, The Economist a narrow Harris win (270-268), similar to fivethirtyeight's tally. Turmoil amid slow counting likely.</li>
<li>A Trump win would be good for conventional energy, banks, PE (via deregulation). Lower oil prices and a 60% tariff on imports from China would benefit Japan, India, Korea, Vietnam. </li>
<li>A Harris win would would be good for housing/property, green energy, semiconductors, negative for equities (as corporate &amp; capital-gains taxes rise) and retailers (anti-price-gouging!). Taiwan, Ukraine, UK, France would gain. </li>
</ul>


On Election Day, the US faces a Dead Heat. Realclearpolitics predicts a Trump victory, The Economist a narrow Harris win (270-268), similar to fivethirtyeight's tally. Turmoil amid slow counting likely.
A Trump win would be good for conventional energy, banks, PE (via deregulation). Lower oil prices and a 60% tariff on imports from China would benefit Japan, India, Korea, Vietnam. 
A Harris win would would be good for housing/property, green energy, semiconductors, negative for equities (as corporate &amp; capital-gains taxes rise) and retailers (anti-price-gouging!). Taiwan, Ukraine, UK, France would gain. 


US: Election Is a Dead Heat, but There'll Be Very Different Winners from Each Outcome

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Event-Driven

<ul>
<li>Recent reports suggest an MBO if firming up, with partial sale of US to ACT and even the Japan CVS business so a big value solution for all concerned.</li>
<li>Not so fast: an ACT purchase of 7-11 US looks more likely to be blocked given yesterday's ruling on the merger of grocery giants Kroger and Albertsons.</li>
<li>The valuation of the Japan business may need a correction too if the last six months of poor numbers continue – given this is because of price perception, they may.</li>
</ul>


Recent reports suggest an MBO if firming up, with partial sale of US to ACT and even the Japan CVS business so a big value solution for all concerned.
Not so fast: an ACT purchase of 7-11 US looks more likely to be blocked given yesterday's ruling on the merger of grocery giants Kroger and Albertsons.
The valuation of the Japan business may need a correction too if the last six months of poor numbers continue – given this is because of price perception, they may.


7&I (3382JP) - Spanners in the Works: FTC Blocks Another US Retail Merger and 7-11 Japan Sales Slump

<ul><li>Albertsons Companies reported fourth-quarter and full-year 2025 results reflecting operational resilience amid ongoing industry challenges, particularly within its pharmacy segment.</li><li>The company achieved a 0.7% increase in identical sales during the fourth quarter despite a 145 basis point headwind from pharmacy pressures, mainly attributed to the Inflation Reduction Act (IRA) and a shift towards higher generic drug mix.</li><li>While pharmacy top-line sales were negatively impacted, the margin effect was favorable due to the structural profitability of generics.</li></ul>

Albertsons Companies reported fourth-quarter and full-year 2025 results reflecting operational resilience amid ongoing industry challenges, particularly within its pharmacy segment.The company achieved a 0.7% increase in identical sales during the fourth quarter despite a 145 basis point headwind from pharmacy pressures, mainly attributed to the Inflation Reduction Act (IRA) and a shift towards higher generic drug mix.While pharmacy top-line sales were negatively impacted, the margin effect was favorable due to the structural profitability of generics.

Albertsons Companies: A $3.9 Billion EBITDA Signals Resilience Amid Margin Pressure!

<ul><li>Albertsons Companies' third-quarter 2025 earnings reflect a mixed performance in a challenging economic environment, punctuated by strategic investments and transformations across various fronts.</li><li>On the positive side, the company experienced a 2.4% increase in identical sales and an impressive 21% rise in digital sales, demonstrating its growing digital footprint and engagement with customers.</li><li>The company’s investment in AI and digital transformation is paying dividends, with their Ask AI search capability already indicating a 10% increase in basket size.</li></ul>

Albertsons Companies' third-quarter 2025 earnings reflect a mixed performance in a challenging economic environment, punctuated by strategic investments and transformations across various fronts.On the positive side, the company experienced a 2.4% increase in identical sales and an impressive 21% rise in digital sales, demonstrating its growing digital footprint and engagement with customers.The company’s investment in AI and digital transformation is paying dividends, with their Ask AI search capability already indicating a 10% increase in basket size.

Albertsons Companies’ 30-Minute Delivery Push Is a Game-Changer for Online Grocery!

United States

Albertsons Companies, Inc. retails food and drugs products. The Company distributes fruits, vegetables, canned items, medicines, and other related goods. Albertsons serves customers in the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Albertsons Cos (ACI US)

Albertsons Companies Reshapes 11 Divisions Into Four Regions — Will Scale Pay Off?

Albertsons Companies reported a mixed first quarter fiscal 2026 performance marked by challenges in its core business offset partly by strong...

Baptista Research

US: Election Is a Dead Heat, but There'll Be Very Different Winners from Each Outcome

RCP predicts a big Trump win, TheEconomist a narrow Harris one. Turnout key for Trump; his win would lower oil prices & hit China, benefitting the...

Prasenjit K. Basu

7&I (3382JP) - Spanners in the Works: FTC Blocks Another US Retail Merger and 7-11 Japan Sales Slump

Potential MBO of a firm may not be as straightforward as initially thought, with potential hurdles in the form of a blocked ACT purchase and a...

Michael Causton

Albertsons Companies: A $3.9 Billion EBITDA Signals Resilience Amid Margin Pressure!

Albertsons Companies reported fourth-quarter and full-year 2025 results reflecting operational resilience amid ongoing industry challenges,...

Baptista Research

Albertsons Companies’ 30-Minute Delivery Push Is a Game-Changer for Online Grocery!

Albertsons Companies' third-quarter 2025 earnings reflect a mixed performance in a challenging economic environment, punctuated by strategic...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Albertsons Companies Reshapes 11 Divisions Into Four Regions — Will Scale Pay Off?

Albertsons Companies reported a mixed first quarter fiscal 2026 performance marked by challenges in its core business offset partly by strong...

Baptista Research

US: Election Is a Dead Heat, but There'll Be Very Different Winners from Each Outcome

RCP predicts a big Trump win, TheEconomist a narrow Harris one. Turnout key for Trump; his win would lower oil prices & hit China, benefitting the...

Prasenjit K. Basu

7&I (3382JP) - Spanners in the Works: FTC Blocks Another US Retail Merger and 7-11 Japan Sales Slump

​Potential MBO of a firm may not be as straightforward as initially thought, with potential hurdles in the form of a blocked ACT purchase and a...

Michael Causton

Albertsons Companies: A $3.9 Billion EBITDA Signals Resilience Amid Margin Pressure!

Albertsons Companies reported fourth-quarter and full-year 2025 results reflecting operational resilience amid ongoing industry challenges,...

Baptista Research

Albertsons Companies’ 30-Minute Delivery Push Is a Game-Changer for Online Grocery!

Albertsons Companies' third-quarter 2025 earnings reflect a mixed performance in a challenging economic environment, punctuated by strategic...

Baptista Research

Potential MBO of a firm may not be as straightforward as initially thought, with potential hurdles in the form of a blocked ACT purchase and a...